News Formal

Jim Cramer sees little margin for error in Apple's upcoming earnings report

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

“One penny, with this company, is enough to bring the stock down,” CNBC’s Jim Cramer said Wednesday.

The iPhone maker's fiscal 2023 fourth-quarter results are scheduled to be released after the market close Nov. 2, and Cramer expects Wall Street to be unforgiving when comparing Apple's reported earnings per share to analyst estimates.Cramer's comments Wednesday came in response to a research note from Deutsche Bank, which lowered its price target on Apple to $200 per share from $210.

However, Deutsche Bank said its previous outlook on iPhone 15 sales in Apple's fiscal 2024, which began in October, may have been too optimistic, citing increased competition in China., investors and analysts alike have been paying close attention to various data sources and tracking metrics to try to gauge demand for the device, which is key to Apple's overall financial health.

Shares of Apple — the most valuable publicly traded U.S. company — were down more than 11% over the past three months, compared with a roughly 8% slide in theMilestones

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 319. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Here are the 10 stocks Jim Cramer is watching, including Apple and Exxon MobilHere are some of the tickers on my radar for Wednesday, Oct. 25, taken directly from my reporter’s notebook.
Bron: NBCDFW - 🏆 288. / 63 Lees verder »

Here are the 10 stocks Jim Cramer is watching, including Apple and Exxon MobilHere are some of the tickers on my radar for Wednesday, Oct. 25, taken directly from my reporter's notebook.
Bron: CNBC - 🏆 12. / 72 Lees verder »

Jim Cramer's top 10 things to watch in the stock market TuesdayStock futures are up this morning as Wall Street awaits earnings from Big Tech companies Microsoft and Alphabet.
Bron: CNBC - 🏆 12. / 72 Lees verder »

Here are 22 stocks Jim Cramer is watching Tuesday, including DraftKings and McDonald'sHere are some of the tickers on my radar for Tuesday, Oct. 24, taken from my reporter’s notebook.
Bron: NBCLA - 🏆 319. / 59 Lees verder »

Here are 22 stocks Jim Cramer is watching Tuesday, including DraftKings and McDonald'sHere are some of the tickers on my radar for Tuesday, Oct. 24, taken from my reporter's notebook.
Bron: CNBC - 🏆 12. / 72 Lees verder »